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The University of Tennessee Foundation, Inc., was created in 2001 to support UT’s educational, research and public activities. Since 2011 the Foundation has managed UT’s development and alumni affairs programs. As the preferred channel for all private contributions that benefit students and faculty at UT, Foundation staff work with alumni and other prospective donors to secure funds for scholarships, professorships, research, outreach programs and other initiatives. The Foundation has 206 employees and a $30 million annual budget.
The Chief Financial Officer and Treasurer (“Chief Financial Officer”) is responsible for the accounting, business and financial affairs of The University of Tennessee Foundation, Inc. (“UTFI”).
Reporting Relationships: The Chief Financial Officer reports to the President and Chief Executive Officer (“CEO”) of UTFI and is a member of the leadership team for UTFI. The Chief Financial Officer manages the central business office staff of 3 including one direct report, the Director of Accounting. Indirect reports include a Coordinator of Contracts and a Financial Specialist. As Treasurer, a position elected by the UTFI Board of Directors, the Chief Financial Officer also reports to the Board and serves as staff liaison to the Board’s Audit and Finance Committees.
Primary Duties: The Chief Financial Officer provides leadership, planning, coordination and management of the accounting, business and financial affairs of UTFI including:
Accounting: Accurately maintain UTFI’s books, financial records & statements and IRS forms.
Audit and Compliance: Ensure compliance with fiscal policy and all applicable laws and regulations. Serve as liaison with UTFI’s independent auditors, UT’s internal auditors and the State of Tennessee auditors. Ensure compliance with the Affiliation and Services Agreements between the University of Tennessee (“UT”), the University of Chattanooga Foundation (“UCF”) and UTFI.
Budget: Working closely with the CEO and Director of Accounting, oversee the annual budget process.
Business Office: Working closely with the Director of Accounting, oversee the business office (budget tracking, accounts payable, travel reimbursement, gift agreement processing, time reporting, contracts, purchasing, petty cash, transfer vouchers and account creation).
Cash and Financial Management: Maintain UTFI’s bank and brokerage accounts. Oversee cash management program; project cash needs and maintain appropriate balance between cash on hand, short term cash investments and long term cash investments. Regularly evaluate cash investments and manager(s). Serve as liaison with UT and UCF Treasurers.
Gift Annuities: Manage gift annuities, including accounting and reconciliations, investments, quarterly distributions, and IRS filings.
Real Estate: Oversee and manage UTFI’s real estate holdings. Manage UTFI Intellectual Property LLC and UTFI Real Estate LLC (limited liability corporations that hold title to some real estate on UTFI’s behalf) and their real estate holdings; maintain the books, accounts and records of both LLCs.
Regulatory Compliance: Ensure compliance with all regulatory agencies including the IRS, state agencies governing registration for charitable solicitation and state agencies governing the issuance and regulation of gift annuities.
IRIS (approvals, create, manage): This position manages activities in the SAP/IRIS system including ensuring the Foundation's portion of IRIS (accounting system used by the University and Foundation) is working properly and kept up-to-date with the latest computer upgrades
Other duties related to financial administration and leadership as assigned.
Service Orientation: The central business office supports UTFI employees stationed around the State of Tennessee and beyond, facilitating their work generating funds and friends for The University of Tennessee. The central business office prides itself on the delivery of timely, valued services to these colleagues and on its ability to anticipate and respond quickly to their changing needs. The Chief Financial Officer must share this customer service philosophy.
Qualifications: In addition to the customer service philosophy highlighted above, the ideal candidate will be proactive in the vision and mission of the Foundation’s self-sustainment efforts. The candidate is a demonstrated leader and will bring a combination of strong business intellect and in-depth knowledge of accounting, business and financial management to provide oversight, leadership and strategic direction. The ideal candidate will demonstrate:
A compelling track record of 8 plus years in accounting, business and/or financial management.
A minimum of 2 years of direct supervision of staff. Preference given to candidates with multiple years of experience in managing and leading staff in business functions.
Ability to collaborate and educate UTFI Board of Directors, executive leadership, vice chancellors and colleagues across the UTFI and UT systems.
Ability to function effectively in the complex UT system.
Effective interpersonal skills, an engaging manner and the capacity to influence, inspire and motivate executive leadership, board members and staff.
Demonstrated communications and writing skills. Demonstrated experience developing and implementing effective written communication vehicles for diverse stakeholders.
Bachelor’s degree in accounting or finance required; advanced degree preferred. CPA preferred.
Applications will be accepted through the close of business, Monday, July 1, 2019.
In order to be considered for candidacy, submit a cover letter and resume in addition to your online application profile. Use the link below and keyword 19000000Z4 in order to apply.
The University of Tennessee Foundation, Inc. is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer. All qualified applicants will receive equal consideration for employment and will not be discriminated against on the basis of race, color, national origin, religion, sex, pregnancy, marital status, sexual orientation, gender identity, age, physical or mental disability, or protected veteran status.
The University of Tennessee Foundation, Inc. will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the University of Tennessee Foundation’s legal duty to furnish information.
Additional Salary Information: Salary DOE&Q
Internal Number: 19000000Z4
About University of Tennessee Foundation, Inc
An interdependent nonprofit corporation, the UT Foundation enriches the lives of the students, faculty, staff, alumni and friends of the University of Tennessee through alumni engagement, financial stewardship and private investments.
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